{"id":11711,"date":"2014-05-24T17:03:05","date_gmt":"2014-05-24T09:03:05","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=11711"},"modified":"2014-05-24T17:03:05","modified_gmt":"2014-05-24T09:03:05","slug":"ph-global-competitiveness-drops","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/05\/24\/ph-global-competitiveness-drops\/","title":{"rendered":"PH global competitiveness drops"},"content":{"rendered":"
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MANILA — The Philippine\u2019s competitiveness rank in the 2014 World Competitiveness Yearbook\u00a0drops four notches according to International Institute for Management Development\u00a0(IMD)\u00a0The fall from 38th in 2013 to 42nd this year is attributed to the difficulties faced by the\u00a0country this year in terms of infrastructure, corruption and high jobless rate.<\/p>\n

U.S. ranked first in the list followed by Switzerland, Singapore, Hong Kong, Sweden,\u00a0Germany, Canada, United Arab Emirates, Denmark and Norway.<\/p>\n

In comparison with Asia-Pacific countries the Philippines also lag behind from 11th last\u00a0year to 12th this year with the economic performance dropping six places from 31st to\u00a037th.<\/p>\n

“Although GDP growth was 7.2 percent \u2013 second highest among WCY countries \u2013 the\u00a0Philippines was dragged down by its recent modest export performance,” IMD said\u00a0adding that \u201calthough prices remained steady, inflation is relatively higher than many of\u00a0the other countries in the ranking.\u201d<\/p>\n

Also according to the report, Bureau of Internal Revenue and Bureau of Custom\u2019s\u00a0failure to achieve their collection target with the recent reports on high-profile corruption\u00a0cases contributed to the deterioration in the perception of corruption.<\/p>\n

IMD however added that the decline on budget deficit and the increase in the national\u00a0government revenue by 12 percent made up for some losses in the perceptions-based\u00a0criteria.<\/p>\n

Meanwhile, the decline in the country\u2019s business efficiency ranking from 27th to 19th\u00a0was attributed partly to the monetary policy of major industrial countries.<\/p>\n

The country\u2019s infrastructure ranking, dropping from 59th to 57th was attributed on poor\u00a0roads and transportation facilities and the snail-paced implementation of public private\u00a0partnership (PPP).<\/p>\n

IMD also added that a looming power crisis and the controversial price hike towards the\u00a0end of 2013 may also have contributed to the decline.<\/p>\n

The ranking was made on four factors including economic performance, government\u00a0and business efficiency and infrastructure using economic data coming from\u00a0international and national sources.<\/p>\n

To generate criteria in the assessment and ranking of the competitiveness among\u00a0nations, the report used opinion surveys.<\/p>\n

With reports from Darwin Amojelar, Interaksyon<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA — The Philippine\u2019s competitiveness rank in the 2014 World Competitiveness Yearbook\u00a0drops four notches according to International Institute for Management …<\/p>\n","protected":false},"author":44,"featured_media":11745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95],"tags":[3919],"class_list":["post-11711","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","tag-competitiveness-rating","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/11711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=11711"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/11711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11745"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=11711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=11711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=11711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}